HYDERABAD, India, September 16, 2016 /PRNewswire/ --
Mordor Intelligence announces the release of their reports on the global vegetable seed market. The report titled "Global Vegetable Seed Market - Growth, Trends and Forecasts," discusses the current landscape and outlook of the market.
The global vegetable seed market is nearly 11% of the global seed market. The estimated market value of vegetable seed during 2015 was USD 5.05 billion. The market is projected to witness the double digit growth rate during 2016-2021 period. The report is an amalgamation of the current market scenario, its prospects and forces driving & restraining the market growth. The report highlights the North American, European, Asia-Pacific, Latin American and Middle East & African markets.
With global food security being a major challenge, the sale of vegetable seed is largely strengthened. Countries have seen the potential of GMO technology and are adopting it in their strategy to develop new varieties and hybrids. This technology also helps in reducing the cost to the farmers in cultivating vegetable crops. The standards of global farming have also increased thereby promoting vegetable seed market growth.
Our report on the global vegetable seeds market is segmented as follows:
- Sweet Pepper
- Chinese Cabbage
- Hot Pepper
- Sweet Corn
Tomato seed market has the largest market share followed by cabbage. It is expected that eggplant will witness the fastest growth during the forecasted period as developing countries are adopting and promoting Bt Brinjal.
Asia-pacific is the largest vegetable seed market followed by Europe, Latin America and North America. The USA, Netherlands, France, Chile, China and Italy are the top seed exporting countries. During 2015, USA exported 14678 metric tons of vegetable seed worth USD 550 million. In terms of trade, Netherlands is the largest importer (10.29% of the global imports) and second largest exporter followed by Italy France and China. The import value of vegetable seeds by Netherlands is expected to reach USD 385.5 million by 2021.
Some of the major players profiled in our report include: Advanta, Limagrain, Monsanto, Nunhems (Bayer Crop Science), Rijk Zwaan, Sakata and Syngenta.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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SOURCE Mordor Intelligence